Pepper futures down 0.44 pct on profit-booking

Amid profit-booking by speculators, pepper futures fell by 0.44 per cent to Rs 26,181 per quintal on Monday.

However, export demand and lower production reports limited the losses.

At the National Commodity and Derivatives Exchange, pepper for delivery in April fell by Rs 116, or 0.44 per cent, to Rs 26,181 per quintal, with an open interest of 4,017 lots.

Similarly, the spice for delivery in May moved down by Rs 71, or 0.26 per cent, to Rs 26,780 per quintal, clocking an open interest of 9,158 lots.

Analysts said profit-booking by speculators mainly kept the pressure on the pepper futures prices but strong demand and anticipation of lower output, limited the losses.

(Source: http://www.indianexpress.com/news/Pepper-futures-down-0-44-pct-on-profit-booking/774637)